Texas Muni To Hire Consultant, Energy Manager To Address Disposition Of Surplus Power That's Raising
February 13,2019
The municipal electric utility of Georgetown, Texas has issued RFPs for an energy consultant to oversee its electric supply portfolio, and another to review the city's management of electricity purchases, Community Impact reported
As previously reported, Georgetown's muni bet long on power, in expectation of higher ERCOT market prices, and has had to sell excess power at reduced rates versus its forecasts, leading to an increase in electric rates for customers on the municipal utility